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China makes smallest daily cash injection since Jan 2021


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SHANGHAI — China’s central bank continued injecting liquidity in small doses into the banking system in the run-up to the month-end.

The People’s Bank of China (PBOC) injected 2 billion yuan ($295.76 million) through seven-day reverse repos on Wednesday, the tiniest daily cash injection since January 2021.

With 3 billion yuan worth of such a liquidity tool maturing on Wednesday, the PBOC drained 1 billion yuan on a net basis on the day. ($1 = 6.7623 Chinese yuan) (Reporting by Winni Zhou and David Stanway; Editing by Muralikumar Anantharaman)


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